CME Group Announces Fee Schedule Modifications
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New Structure Provides More Volume Based Fee Incentives
CHICAGO, June 16 /PRNewswire-FirstCall/ -- CME Group, the world's largest and
most diverse derivatives exchange, today announced modifications to its
trading fee schedule effective in the third quarter of 2009. Continuing with
CME Group's practice of providing incentives to liquidity providers, the new
schedule will enhance volume-based incentive programs to further reward
high-volume traders. In addition, the changes will further standardize legacy
CME and CBOT fee schedules, in order to facilitate back-office fee
reconciliation processes for customers and trading firms.
A summary of the fee changes for each product group follows:
-- Equity Products: CME Group will replace the current E-mini fee
structure
with a volume based incentive program, effective September 1. This
program will provide lower volume thresholds for individual traders in
relation to member firms and will offer incentives for volume across
E-mini index products, excluding the E-mini Dow product.
-- Interest Rate Products: CME Group will expand its volume based
incentive
program such that market participants trading multiple interest rate
products will be able to qualify for incentives based on their
aggregate
trading volume, effective August 1. Fee enhancements will be modified
and extended to Treasury and other CBOT financial products to provide
additional volume discount opportunities. The current structure for
legacy CME Interest Rate Products, such as Eurodollars, will remain
the
same.
-- FX Products: CME Group will modify volume thresholds for FX product
volume incentives effective August 1. The volume discount program
provides a monthly average daily volume discount across all FX future
products by the underlying account owner. In addition, effective July
1, the EFP/block surcharge will be reduced for both FX futures and
options.
-- Commodity Products: CME Group will standardize exchange fees for all
equity member firms and individuals for all venues, effective August
1.
The fee changes in agricultural commodities are limited and designed
to
increase consistency across CME and CBOT products. Electronic trading
incentives also will be expanded for CME livestock products effective
October 1.
In addition to these individual product fee modifications, CME and CBOT floor
brokerage fees will be standardized to the same base rate for all product
groups, effective August 1.
The fee changes listed above do not affect NYMEX and COMEX products.
For additional information about the fee changes, please visit
http://www.cmegroup.com/company/clearing-fees/.
CME Group (www.cmegroup.com) is the world's largest and most diverse
derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME
Group serves the risk management needs of customers around the globe. As an
international marketplace, CME Group brings buyers and sellers together on the
CME Globex electronic trading platform and on trading floors in Chicago and
New York. By acting as the buyer to every seller and the seller to every
buyer, CME Clearing virtually eliminates counterparty credit risk. CME
Clearing also offers financial safeguards to help mitigate systemic risk,
providing the security and confidence market participants need to operate,
invest and grow. CME Group offers the widest range of benchmark products
available across all major asset classes, including futures and options based
on interest rates, equity indexes, foreign exchange, energy, agricultural
commodities, metals, and alternative investment products such as weather and
real estate. CME Group is listed on NASDAQ under the symbol "CME."
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini
and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and
Chicago Board of Trade are trademarks of the Board of Trade of the City of
Chicago. NYMEX and New York Mercantile Exchange are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc.
All other trademarks are the property of their respective owners. Further
information about CME Group and its products can be found at www.cmegroup.com.
CME-G
SOURCE CME Group
Media, Michael Shore, +1-312-930-2363, or Allan Schoenberg, +1-312-930-8189,
news@cmegroup.com, or Investors, John Peschier, +1-312-930-8491, all of CME
Group
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